Rayovac 2009 Annual Report Download - page 17

Table of Contents
Index to Financial Statements
ITEM 1A. RISK FACTORS
Forward−Looking Statements
We have made or implied certain forward−looking statements in this Annual Report on Form 10−K. All statements, other than statements of historical
facts included in this Annual Report, including the statements under Item 7. Management’s Discussion and Analysis of Financial Condition and Results of
Operations regarding our business strategy, future operations, financial condition, estimated revenues, projected costs, projected synergies, prospects, plans
and objectives of management, as well as information concerning expected actions of third parties, are forward−looking statements. When used in this
Annual Report, the words “anticipate,” “intend,” “plan,” “estimate,” “believe,” “expect,” “project,” “could,” “will,” “should,” “may” and similar
expressions are also intended to identify forward−looking statements, although not all forward−looking statements contain such identifying words.
Since these forward−looking statements are based upon current expectations of future events and projections and are subject to a number of risks and
uncertainties, many of which are beyond our control and some of which may change rapidly, actual results or outcomes may differ materially from those
expressed or implied herein, and you should not place undue reliance on these statements. Important factors that could cause our actual results to differ
materially from those expressed or implied herein include, without limitation:
• the impact of our substantial indebtedness on our business, financial condition and results of operations;
• the impact of restrictions in our debt instruments on our ability to operate our business, finance our capital needs or pursue or expand business
strategies;
• any failure to comply with financial covenants and other provisions and restrictions of our debt instruments;
• the impact of expenses resulting from the implementation of new business strategies, divestitures or current and proposed restructuring
activities;
• the impact of fluctuations in commodity prices, costs or availability of raw materials or terms and conditions available from suppliers, including
suppliers’ willingness to advance credit;
• interest rate and exchange rate fluctuations;
• the loss of, or a significant reduction in, sales to a significant retail customer(s);
• competitive promotional activity or spending by competitors or price reductions by competitors;
• the introduction of new product features or technological developments by competitors and/or the development of new competitors or
competitive brands;
• the effects of general economic conditions, including inflation, recession or fears of a recession, depression or fears of a depression, labor costs
and stock market volatility or changes in trade, monetary or fiscal policies in the countries where we do business;
• changes in consumer spending preferences and demand for our products;
• our ability to develop and successfully introduce new products, protect our intellectual property and avoid infringing the intellectual property of
third parties;
• our ability to successfully implement, achieve and sustain manufacturing and distribution cost efficiencies and improvements, and fully realize
anticipated cost savings;
• the cost and effect of unanticipated legal, tax or regulatory proceedings or new laws or regulations (including environmental, public health and
consumer protection regulations);
• public perception regarding the safety of our products, including the potential for environmental liabilities, product liability claims, litigation
and other claims;
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